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Lot
4904

1888 $3 MS66 PCGS. CAC....

2012 November 29 - December 2 US Coin Signature Auction - Houston #1177

 
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Auction Ended On: Nov 30, 2012
Item Activity: 9 Internet/mail/phone bidders
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Location: George R. Brown Convention Center
1001 Avenida de las Americas
Houston, TX 77010

Description:
1888 Three Dollar, MS66
Colorful Penultimate Year of Issue
1888 $3 MS66 PCGS. CAC. While mintages for three dollar gold coins had been all but nominal in the years after 1878, the issues of 1887 and 1888 had significantly higher mintages -- 5,000 pieces in the case of the latter date -- which suggests at least a hint of elevated demand. By 1889, though, the denomination was back to irrelevance (and soon to be eliminated by coinage legislation).
This Premium Gem hails from the penultimate year, a well-struck example with swirling and dynamic luster. Yellow, orange-gold, and peach shadings mingle on each side, and copper-red elements are present along the reverse rims. Housed in a green label holder. PCGS has graded only two coins finer (10/12).(Registry values: N4719) (NGC ID# 25NB, PCGS# 8010)

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